Trump wants to give every American $2000 in cash, and the news exploded in the encryption circle—BTC rose by 1.75%, ETH rose by 3.32%, and privacy coins skyrocketed by double digits.

But there is a problem here: this money hasn't materialized at all. Trump said it would come from import tariffs, with tariff revenue for fiscal year 2025 at $195 billion, which looks like using coins to fill a swimming pool in front of a $37 trillion debt. Moreover, the Supreme Court is still reviewing the legality of this matter—Polymarket gives it only a 23% approval probability.

What’s even more distressing is that economists warn: this wave of actions will create "double inflation". Tariffs raise prices, cash stimulates demand, and in the end, it’s the retail investors' purchasing power that suffers. Last time, the pandemic stimulus checks caused inflation to approach 10%.

In plain terms, this is not creating money out of thin air; it's just spending next year's money in advance. The market is currently betting on emotions and the repetition of history, but in the long run, this is just stuffing the inflation bill into next year's Christmas stocking.

The question is: How long can this wave of increase last? Can the policy really be implemented? Or will it be overturned by the judiciary once again?